Why health insurance is a game with loaded dice
The government’s looming private health insurance reforms are a slick marketing gimmick. It will still mean patients making wagers on their future health.
Next April will see the rollout of Federal Government reforms of the private health insurance sector — an attempt to end the bamboozlement of thousands of customers by big corporations, which often sell junk policies worth less than the paper they are printed on.
The government’s plan is a simple one: insurers will be required to code their wares — gold, silver, bronze and basic — depending on what